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Bronco Milanovic is a visiting presidential professor at the Graduate Center of CUNY, the City University of New York. Our topic for today is what we might call the big questions of economics. We've argued recently on Twitter and in a PowerPoint presentation that the Nobel Prize should be awarded for those big questions. Bronco: The work which is being rewarded not only this year but generally speaking is the work which is from a theological point of view.

Author and economist Branko Milanovic of CUNY talks about the big questions in economics with EconTalk host Russ Roberts. Milanovic argues that the Nobel Prize Committee is missing an opportunity to encourage more ambitious work by awarding the prize to economists tackling questions like the rise of China's economy and other challenging but crucial areas of scholarship. In the conversation, he lays out what those questions might be and discusses what we know and don't know in these areas.